{"id":953067,"date":"2025-08-06T11:59:47","date_gmt":"2025-08-06T06:29:47","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=953067"},"modified":"2025-08-06T11:59:47","modified_gmt":"2025-08-06T06:29:47","slug":"iphone-maker-foxconn-sells-former-gm-factory-that-its-chairman-had-called-most-important-electric-vehicle-manufacturing-and-rd-hub-in-north-america-says","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/08\/06\/iphone-maker-foxconn-sells-former-gm-factory-that-its-chairman-had-called-most-important-electric-vehicle-manufacturing-and-rd-hub-in-north-america-says\/","title":{"rendered":"iPhone-maker Foxconn sells former GM factory that its chairman had called &#8216;most important electric vehicle manufacturing and R&amp;D hub in North America&#8217;, says \u2026"},"content":{"rendered":"<p>Foxconn has sold the former General Motors (GM) factory in Ohio which it acquired three years ago, via TechCrunch. The plant, which was supposed to become a key electric vehicle (EV) manufacturing site, has failed to manufacture any major EV. In a regulatory filing with the Taiwan Stock exchange, Foxconn announced that it sold the factory and surrounding land for about $88 million. It also sold machinery and equipment from its EV businesses for $287 million. The buyer is named Crescent Dune LLC, a business created in Delaware just 12 days before the sale. Foxconn did not provide more details about the buyer.<\/p>\n<p>Foxconn bought the factory in 2021 for $230 million when it was owned by EV startup Lordstown Motors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Foxconn has sold the former General Motors (GM) factory in Ohio which it acquired three years ago, via TechCrunch. The plant, which was supposed to become a key electric vehicle (EV) manufacturing site, has failed to manufacture any major EV. In a regulatory filing with the Taiwan Stock exchange, Foxconn announced that it sold the factory and surrounding land for about $88 million. It also sold machinery and equipment from its EV businesses for $287 million. The buyer is named Crescent Dune LLC, a business created in Delaware just 12 days before the sale. Foxconn did not provide more details [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,88,11],"tags":[],"class_list":["post-953067","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-telecom-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/953067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=953067"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/953067\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=953067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=953067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=953067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}